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	<title>Professor Voices &#187; debt ceiling</title>
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	<link>http://blogs.bu.edu/professorvoices</link>
	<description>Opinions and views by Boston University experts</description>
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		<title>Weekly roundup of quotes by BU experts: July 31 &#8211; August 5</title>
		<link>http://blogs.bu.edu/professorvoices/2011/08/05/weekly-roundup-of-quotes-by-bu-experts-july-31-august-5/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/08/05/weekly-roundup-of-quotes-by-bu-experts-july-31-august-5/#comments</comments>
		<pubDate>Fri, 05 Aug 2011 21:33:19 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Weekly Roundup]]></category>
		<category><![CDATA[Afghanistan]]></category>
		<category><![CDATA[Allen Michel]]></category>
		<category><![CDATA[Andrew Bacevich]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[doctors]]></category>
		<category><![CDATA[FAA]]></category>
		<category><![CDATA[Farouk El-Baz]]></category>
		<category><![CDATA[Geoff Klapisch]]></category>
		<category><![CDATA[GOP]]></category>
		<category><![CDATA[Kevin Gallagher]]></category>
		<category><![CDATA[Kevin Outterson]]></category>
		<category><![CDATA[Mark Williams]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Professor voices]]></category>
		<category><![CDATA[Tom Whalen]]></category>
		<category><![CDATA[WHDH-TV]]></category>
		<category><![CDATA[William Keylor]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2382</guid>
		<description><![CDATA[Below is a sampling of quotes by Boston University experts for July 31 &#8211; August 5: Egypt proving to be a leader in digitally preserving culture (Investor&#8217;s Business Daily): &#8220;Since the advent of the Internet, the Egyptian government has been doing an admirable job in preserving the ancient archaeological heritage.&#8221; Farouk El-Baz, Director, Center for [...]]]></description>
			<content:encoded><![CDATA[<p>Below is a sampling of quotes by Boston University experts for July 31 &#8211; August 5:</p>
<p><a title="Egypt proving to be a leader in digitally preserving culture" href="http://www.investors.com/NewsAndAnalysis/Article/579898/201107291646/Egypt-Proving-To-Be-A-Leader-In-Digitally-Preserving-Culture.aspx" target="_blank">Egypt proving to be a leader in digitally preserving culture</a> (<em>Investor&#8217;s Business Daily</em>): &#8220;Since the advent of the Internet, the Egyptian government has been doing an admirable job in preserving the ancient archaeological heritage.&#8221; <a title="Farouk El-Baz" href="http://www.bu.edu/remotesensing/faculty/el-baz/" target="_blank">Farouk El-Baz</a>, Director, <a title="Cener for Remote Sensing" href="http://www.bu.edu/remotesensing/" target="_blank">Center for Remote Sensing</a></p>
<p><a title="Debt deal still leaves all players bankrupt" href="http://bostonherald.com/news/us_politics/view.bg?articleid=1355502" target="_blank">Debt deal still leaves all players bankrupt</a> (<em>Boston Herald</em>): &#8220;I think there are a lot of ticked-off people on the Democratic side here, because President Obama, he&#8217;s basically giving (the GOP) 80 percent of what they want. I don&#8217;t see how he can declare some kind of political victory here.&#8221; <a title="Tom Whalen" href="http://www.bu.edu/cgs/faculty/social-sciences-faculty-profiles/whalen/" target="_blank">Tom Whalen</a>, Associate Professor of Social Science, <a title="College of General Studies" href="http://www.bu.edu/cgs/" target="_blank">College of General Studies</a></p>
<p><a title="Angry liberals seek silver lining in debt deal" href="http://www.washingtonpost.com/politics/angry-liberals-seek-silver-lining-in-debt-deal/2011/08/01/gIQAqM5MoI_story_1.html" target="_blank">Angry liberals seek silver lining in debt deal </a>(<em>Washington Post</em>): &#8220;The challenge Washington faces is to cut the bloated Pentagon budget without being capricious and arbitrary about it.&#8221; <a title="Andrew Bacevich" href="http://www.bu.edu/ir/faculty/alphabetical/bacevich/" target="_blank">Andrew Bacevich</a>, Professor of International Relations, <a title="College of Arts &amp; Sciences" href="http://www.bu.edu/cas/" target="_blank">College of Arts &amp; Sciences</a></p>
<p><a title="Afghanistan is broke, US drowning in debt - so what about a war ceiling?" href="http://www.economywatch.com/economy-business-and-finance-news/afghanistan-is-broke-us-drowning-in-debt–so-what-about-a-war-ceiling.02-08.html" target="_blank">Afghanistan is broke, US drowning in debt &#8211; so what about a war ceiling? </a>(<em>EconomyWatch</em>): &#8220;The total cost of war, the longest in American history and one that was paid for by borrowing rather than by increased taxation, should not be measured solely by the costs of financing the troops and the extensive aid programs administered by the State Department. It should also include long-term costs of the war, primarily veterans&#8217; benefits for returning soldiers, who will require medical and mental health services for many years to come. Long after the last troops depart from the country, that hidden part of the bill will come due.&#8221; <a title="William Keylor" href="http://www.bu.edu/ir/faculty/alphabetical/keylor/" target="_blank">William Keylor</a>, Professor of International Relations, <a title="College of Arts &amp; Sciences" href="http://www.bu.edu/cas/" target="_blank">College of Arts &amp; Sciences</a></p>
<p><a title="Slot open, Ch. 7 may raise anchor" href="http://articles.boston.com/2011-08-03/business/29847118_1_anchor-desk-anchor-team-secondary-anchor" target="_blank">Slot open, Ch. 7 may raise anchor</a> (<em>Boston Globe</em>): &#8220;They have been definately tinkering with the formula&#8230;It&#8217;s not unlike a chef working on a new recipe. Summer is a traditionally slow time for television, ratings overall are down, which is a great time to experiment with different combinations.&#8221; <a title="Geoff Klapisch" href="http://www.bu.edu/academics/com/faculty/geoffrey-l-klapisch/" target="_blank">Geoff Klapisch</a>, Lecturer, <a title="College of Communication" href="http://www.bu.edu/com/" target="_blank">College of Communication</a></p>
<p><a title="U.S. Steel is latest manufacturer to adopt Chief Risk Officer role" href="http://www.industryweek.com/articles/u-s-_steel_is_latest_manufacturer_to_adopt_chief_risk_officer_role_25272.aspx" target="_blank">U.S. Steel is latest manufacturer to adopt Chief Risk Officer role</a> (<em>Industry Week</em>): &#8220;Let&#8217;s say U.S. Steel is going into a market to get ore, maybe a third-world country where labor isn&#8217;t good or working conditions are poor. They have to understand whether they&#8217;re willing to take that risk of an accident or death and how that can damage their reputation. So this is where a senior-level person comes in.&#8221; <a title="Mark Williams" href="http://smgapps.bu.edu/mgmt_new/profiles/WilliamsMark.html" target="_blank">Mark Williams</a>, Master Lecturer &amp; Executive-in-Residence, <a title="School of Management" href="http://management.bu.edu/index.shtml" target="_blank">School of Management</a></p>
<p><a title="Will President Obama lose the 2012 election?" href="http://www.politico.com/arena/perm/Kevin_P__Gallagher_EC0D2AD0-D8C8-4F1D-ABF2-18EE63A4EF99.html" target="_blank">Will President Obama lose the 2012 election?</a> (<em>PoliticoArena</em>): &#8220;If Obama continues to govern like a Republican (as he did with thde debt ceiling debate) he will surely lose &#8211; Republicans will go for the real thing&#8230;&#8221; <a title="Kevin Gallagher" href="http://www.bu.edu/ir/faculty/alphabetical/gallagher/" target="_blank">Kevin Gallagher</a>, Associate Professor of International Relations, <a title="College of Arts &amp; Sciences" href="http://www.bu.edu/cas/" target="_blank">College of Arts &amp; Sciences</a></p>
<p><a title="The 'Oreo Problem': When drug marketers know too much about doctors" href="http://commonhealth.wbur.org/2011/08/oreo-problem-drug-marketing/" target="_blank">The &#8216;Oreo Problem&#8217;: When drug marketers know too much about doctors </a>(<em>CommonHealth</em>): &#8221;If it&#8217;s Oreos, it&#8217;s only a snack and I&#8217;m buying them for my family. What we worry about for physicians is that they&#8217;re making an important medical decision for somebody else. We&#8217;re trusting the physician to make the right decision, without inappropriate influence from drug companies.&#8221; <a title="Kevin Outterson" href="http://www.bu.edu/law/faculty/profiles/bios/full-time/outterson_k.html" target="_blank">Kevin Outterson</a>, Associate Professor of Law, <a title="School of Law" href="http://www.bu.edu/law/" target="_blank">School of Law</a></p>
<p><a title="Grounding the FAA brings surprising economic ripples" href="http://marketplace.publicradio.org/display/web/2011/08/04/am-grounding-the-faa-brings-surprising-economic-ripples/" target="_blank">Grounding the FAA brings surprising economic ripples </a>(<em>Marketplace</em>): &#8220;When you&#8217;re outta work, you&#8217;re not spending money. And when you&#8217;re not spending money, you&#8217;re not buying things, and the companies that are producing products, they&#8217;ve got to lay people off. It affects the economy thru the ripple process and there&#8217;s a giant ripple process with 70,000 people.&#8221; <a title="Allen Michel" href="http://smgapps.bu.edu/mgmt_new/profiles/MichelAllen.html" target="_blank">Allen Michel</a>, Professor of Finance, <a title="School of Management" href="http://management.bu.edu/index.shtml" target="_blank">School of Management</a></p>
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		<title>Tom Whalen on the proposed debt ceiling deal</title>
		<link>http://blogs.bu.edu/professorvoices/2011/08/01/tom-whalen-on-the-proposed-debt-ceiling-deal/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/08/01/tom-whalen-on-the-proposed-debt-ceiling-deal/#comments</comments>
		<pubDate>Mon, 01 Aug 2011 21:06:16 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[John Boehner]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Professor voices]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2369</guid>
		<description><![CDATA[Tom Whalen, an associate professor of social sciences, is an expert on American politics. He is a regular contributor to PoliticoArena. He can be reached at 978-888-3131 or tjw64@comcast.net //]]></description>
			<content:encoded><![CDATA[<p><a title="Tom Whalen" href="http://www.bu.edu/cgs/faculty/social-sciences-faculty-profiles/whalen/" target="_blank">Tom Whalen</a>, an associate professor of social sciences, is an expert on American politics. He is a regular contributor to <a title="PoliticoArena" href="http://www.politico.com/arena/bio/thomas_j_whalen.html" target="_blank">PoliticoArena</a>. He can be reached at 978-888-3131 or <a href="mailto:tjw64@comcast.net">tjw64@comcast.net</a></p>
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		<title>BU experts comment on debt ceiling deal</title>
		<link>http://blogs.bu.edu/professorvoices/2011/08/01/bu-experts-comment-on-debt-ceiling-deal/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/08/01/bu-experts-comment-on-debt-ceiling-deal/#comments</comments>
		<pubDate>Mon, 01 Aug 2011 16:11:03 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Boston University Department of Political Science]]></category>
		<category><![CDATA[Boston University School of Law]]></category>
		<category><![CDATA[Cornelius Hurley]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[Graham Wilson]]></category>
		<category><![CDATA[Professor voices]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2358</guid>
		<description><![CDATA[Cornelius Hurley, professor of law at BU&#8217;s School of Law and director of BU&#8217;s Center for Finance, Law &#38; Policy. Contact Hurley at 617-353-5427 or ckhurley@bu.edu, Twitter: @ckhurley &#8220;The president&#8217;s tactical errors were obvious. First, he failed to embrace his own Deficit Commission&#8217;s report and thereby yielded the high ground to the GOP on the [...]]]></description>
			<content:encoded><![CDATA[<p><a title="Cornelius Hurley" href="http://www.bu.edu/law/faculty/profiles/bios/banking/hurley.html" target="_self">Cornelius Hurley</a>, professor of law at BU&#8217;s <a title="School of Law" href="http://www.bu.edu/law/" target="_blank">School of Law</a> and director of BU&#8217;s <a title="Center for Finance, Law &amp; Policy" href="http://www.bu.edu/cflp/" target="_blank">Center for Finance, Law &amp; Policy</a>. Contact Hurley at 617-353-5427 or <a href="mailto:ckhurley@bu.edu" target="_blank">ckhurley@bu.edu</a>, Twitter: <a title="@ckhurley" href="http://twitter.com/#!/ckhurley" target="_blank">@ckhurley</a></p>
<p><em>&#8220;The president&#8217;s tactical errors were obvious. First, he failed to embrace his own Deficit Commission&#8217;s report and thereby yielded the high ground to the GOP on the debt issue. Second, he abandoned the bully pulpit by not calling out the tea party zealots for what they are &#8211; financial terrorists. Finally, he took the 14th Amendment alternative off the table without the slightest pressure to do so. Mr. Obama may yet get reelected in spite of his incompetence. In the meantime, he has hung congressional Democrats out to dry.&#8221;</em></p>
<p><a title="Graham Wilson" href="http://www.bu.edu/polisci/people/faculty/professorgrahamwilson/" target="_blank">Graham Wilson</a>, chair of BU&#8217;s <a title="Department of Political Science" href="http://www.bu.edu/polisci/" target="_blank">Department of Political Science </a>and author of <a title="&quot;Only in America? American Politics in Comparative Perspective.&quot;" href="http://www.amazon.com/Only-America-Politics-Comparative-Perspective/dp/1566430585/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1304529463&amp;sr=1-1" target="_blank">&#8220;Only in America? American Politics in Comparative Perspective.&#8221;</a> Contact Wilson at 617-353-2540 or <a href="mailto:gkwilson@bu.edu" target="_blank">gkwilson@bu.edu</a></p>
<p><em>&#8220;This is more or less game, set and match to the Republican right &#8212; a stunning defeat for President Obama.&#8221;</em></p>
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		<title>Weekly roundup of quotes by BU experts: July 24 &#8211; July 29</title>
		<link>http://blogs.bu.edu/professorvoices/2011/07/29/weekly-roundup-of-quotes-by-bu-experts-july-24-july-29/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/07/29/weekly-roundup-of-quotes-by-bu-experts-july-24-july-29/#comments</comments>
		<pubDate>Sat, 30 Jul 2011 01:49:23 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Weekly Roundup]]></category>
		<category><![CDATA[Alan Sager]]></category>
		<category><![CDATA[Boston University College of Communication]]></category>
		<category><![CDATA[Boston University School of Arts & Sciences]]></category>
		<category><![CDATA[Boston University School of Law]]></category>
		<category><![CDATA[Boston University School of Public Health]]></category>
		<category><![CDATA[Christopher Cakebread]]></category>
		<category><![CDATA[Cornelius Hurley]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[Deval Patrick]]></category>
		<category><![CDATA[Gillette Stadium]]></category>
		<category><![CDATA[Kathleen Kantak]]></category>
		<category><![CDATA[Mitt Romney]]></category>
		<category><![CDATA[Professor voices]]></category>
		<category><![CDATA[Putnam Investments]]></category>
		<category><![CDATA[sponsorships]]></category>
		<category><![CDATA[Tobe Berkovitz]]></category>
		<category><![CDATA[Tom Whalen]]></category>
		<category><![CDATA[Virginia Sapiro]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2339</guid>
		<description><![CDATA[Below is a sampling of quotes by Boston University experts for July 24 &#8211; July 29: Field position &#8211; Putnam assumes key sponsorship at Gillette Stadium, raising its profile (Boston Globe): &#8220;It&#8217;s a perceptional investment. There are lots of ancillary things that can come out of it.&#8221; Christopher Cakebread, Assistant Professor of Advertising, College of [...]]]></description>
			<content:encoded><![CDATA[<p>Below is a sampling of quotes by Boston University experts for July 24 &#8211; July 29:</p>
<p><a title="Field position - Putnam assumes key sponsorship at Gillette Stadium, raising its profile" href="http://www.boston.com/yourtown/boston/fenway_kenmore/articles/2011/07/29/putnam_assumes_fidelitys_gillette_stadium_clubhouses/" target="_blank">Field position &#8211; Putnam assumes key sponsorship at Gillette Stadium, raising its profile </a>(<em>Boston Globe</em>): &#8220;It&#8217;s a perceptional investment. There are lots of ancillary things that can come out of it.&#8221; <a title="Christopher Cakebread" href="http://www.bu.edu/com/about-com/faculty/christopher-cakebread/" target="_blank">Christopher Cakebread</a>, Assistant Professor of Advertising, <a title="College of Communication" href="http://www.bu.edu/com/" target="_blank">College of Communication</a></p>
<p><a title="Mitt Romney, president might have Rock-y run-in" href="http://bostonherald.com/news/us_politics/view.bg?articleid=1354620" target="_blank">Mitt Romney, president might have Rock-y run-in </a>(<em>Boston Herald</em>): &#8220;These candidates say they&#8217;re one with the common man, but then they end up at these elite playgrounds. They could have a &#8216;This island isn&#8217;t big enough for the two of us&#8217; moment.&#8221; <a title="Tom Whalen" href="http://www.bu.edu/cgs/faculty/social-sciences-faculty-profiles/whalen/" target="_blank">Tom Whalen</a>, Associate Professor of Social Science, <a title="College of General Sciences" href="http://www.bu.edu/cgs/" target="_blank">College of General Studies</a></p>
<p><a title="Patrick hits the road campaign style" href="http://articles.boston.com/2011-07-26/news/29817109_1_town-meetings-patrick-hits-questions" target="_blank">Patrick hits the road campaign style </a>(<em>Boston Globe</em>): &#8221;To govern, you need to campaign. Day to day politics sure acts like its a battle, and a battle for the public.&#8221; <a title="Virginia Sapiro" href="http://www.bu.edu/polisci/people/faculty/deanvirginiasapiro/" target="_blank">Virginia Sapiro</a>, Dean of the <a title="College of Arts &amp; Sciences" href="http://www.bu.edu/cas/" target="_blank">College of Arts &amp; Sciences</a></p>
<p><a title="Does public understand debt debate?" href="http://www.patriotledger.com/homepage/breaking/x371610982/Does-public-understand-debt-debate" target="_blank">Does public understand debt debate?</a> (<em>Patriot Ledger</em>): &#8220;Mainstream news media and the new media have been paying a lot of attention to this, so people say they are following it, but I think it&#8217;s too arcane and too political for people to really have a clear understanding as opposed to a push-button ideological understanding.&#8221; <a title="Tobe Berkovitz" href="http://www.bu.edu/com/about-com/faculty/tobe-berkovitz/" target="_blank">Tobe Berkovitz</a>, Associate Professor of Advertising, <a title="College of Communication" href="http://www.bu.edu/com/" target="_blank">College of Communication</a></p>
<p><a title="Leaders in Congress scramble toward deal" href="http://articles.boston.com/2011-07-24/news/29810501_1_debt-limit-boehner-and-obama-house-speaker-john-boehner" target="_blank">Leaders in Congress scramble toward deal </a>(<em>Boston Globe</em>): &#8220;The markets have kind of assumed that rationality would prevail. But every hour it&#8217;s seeming less and less likely that that will be the case.&#8221; <a title="Cornelius Hurley" href="http://www.bu.edu/law/faculty/profiles/bios/banking/hurley.html" target="_blank">Cornelius Hurley</a>, Professor of Law, <a title="School of Law" href="http://www.bu.edu/law/" target="_blank">School of Law</a></p>
<p><a title="Hospital charges $9.2 million to dead patient's estate" href="http://abcnews.go.com/Health/tampa-general-hospital-bills-92-million-patients-estate/story?id=14172320" target="_blank">Hospital charges $9.2 million to dead patient&#8217;s estate </a>(<em>ABCNews.com</em>): &#8220;This is tragic. I think that the aim of health care might be something like&#8230;confidence that every American will get needed, competent, and timely care without having to worry about the bill when we are sick and, and without having to ever worry about losing our insurance coverage. That&#8217;s what we can get for $2.7 trillion a year.&#8221; <a title="Alan Sager" href="http://sph.bu.edu/index.php?option=com_sphdir&amp;id=239&amp;Itemid=617263&amp;INDEX=670" target="_blank">Alan Sager</a>, Professor of Health Policy &amp; Management, <a title="School of Public Health" href="http://sph.bu.edu/" target="_blank">School of Public Health</a></p>
<p><a title="Anti-addiction drugs face more than medical issues" href="http://www.newscientist.com/article/dn20730-antiaddiction-drugs-face-more-than-medical-issues.html" target="_blank">Anti-addiction drugs face more than medical issues </a>(<em>New Scientist</em>): &#8220;Before any vaccine is put on the market we need to get these ethical considerations worked out. It should always be the individual&#8217;s choice to be immunized. The treatments will only be successful if the individual is motivated to quit, otherwise they will find ways to get around it.&#8221; <a title="Kathleen Kantak" href="http://www.bu.edu/psych/faculty/kkantak/" target="_blank">Kathleen Kantak</a>, Professor of Psychology, <a title="College of Arts &amp; Sciences" href="http://www.bu.edu/cas/" target="_blank">College of Arts &amp; Sciences</a></p>
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		<title>Massachusetts prepares for Aug. 2 debt ceiling deadline</title>
		<link>http://blogs.bu.edu/professorvoices/2011/07/28/massachusetts-prepares-for-aug-2-debt-ceiling-deadline/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/07/28/massachusetts-prepares-for-aug-2-debt-ceiling-deadline/#comments</comments>
		<pubDate>Thu, 28 Jul 2011 18:33:25 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[Fred Bayles]]></category>
		<category><![CDATA[Kevin Lang]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Professor voices]]></category>
		<category><![CDATA[Tom Whalen]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2323</guid>
		<description><![CDATA[With the Aug. 2 deadline looming on the debt ceiling crisis, Massachusetts officials are drafting an emergency plan to ensure that the state will be able to pay their bills. The following Boston University experts are available to comment: Fred Bayles, Associate Professor of Journalism at BU&#8217;s College of Communication. An expert on Massachusetts politics, [...]]]></description>
			<content:encoded><![CDATA[<p>With the Aug. 2 deadline looming on the debt ceiling crisis, Massachusetts officials are <a title="drafting" href="http://www.thebostonchannel.com/politics/28690480/detail.html" target="_blank">drafting</a> an emergency plan to ensure that the state will be able to pay their bills. The following Boston University experts are available to comment:</p>
<p><a title="Fred Bayles" href="http://www.bu.edu/com/about-com/faculty/fred-bayles/" target="_blank">Fred Bayles</a>, Associate Professor of Journalism at BU&#8217;s <a title="College of Communication" href="http://www.bu.edu/com/" target="_blank">College of Communication</a>. An expert on Massachusetts politics, he is the Director of the <a title="State House Program" href="http://www.bu.edu/com/academics/journalism/state-house-program/" target="_blank">State House Program</a>. He can be reached at 617-353-7736 or <a href="mailto:fbayles" target="_blank">fbayles@bu.edu</a></p>
<p><a title="Tom Whalen" href="http://www.bu.edu/cgs/faculty/social-sciences-faculty-profiles/whalen/" target="_blank">Tom Whalen</a>, Associate Professor of Social Science at the <a title="College of General Studies" href="http://www.bu.edu/cgs/" target="_blank">College of General Studies</a>, is an expert in American politics. He is a regular contributor to <a title="PoliticoArena" href="http://www.politico.com/arena/bio/thomas_j_whalen.html" target="_blank">PoliticoArena</a>. He can be reached at 978-888-3131 or <a href="mailto:tjw64@comcast.net" target="_blank">tjw64@comcast.net</a></p>
<p><a title="Kevin Lang" href="http://people.bu.edu/lang/" target="_blank">Kevin Lang</a>, Professor of Economics at the <a title="College of Arts &amp; Sciences" href="http://www.bu.edu/cas/" target="_blank">College of Arts &amp; Sciences</a>. He can be reached at 617-353-5694 or <a href="mailto:lang@bu.edu" target="_blank">lang@bu.edu</a></p>
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		<title>IMF issues warning to US on debt crisis</title>
		<link>http://blogs.bu.edu/professorvoices/2011/07/25/imf-issues-warning-to-us-on-debt-crisis/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/07/25/imf-issues-warning-to-us-on-debt-crisis/#comments</comments>
		<pubDate>Mon, 25 Jul 2011 19:08:23 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[default]]></category>
		<category><![CDATA[global economy]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[Kevin Gallagher]]></category>
		<category><![CDATA[Professor voices]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2262</guid>
		<description><![CDATA[The International Monetary Fund has issued a warning that the US take urgent action in raising the debt ceiling, adding that a credit downgrade could damage the global economy. Kevin Gallagher, an associate professor of international relations at Boston University, is an expert on global and economic policy. His article, &#8220;Why the US must raise [...]]]></description>
			<content:encoded><![CDATA[<p>The International Monetary Fund <a title="has issued a warning" href="http://www.google.com/hostednews/afp/article/ALeqM5gGRvbAF-opIKKqVKg7kjY1wsbPpA?docId=CNG.1c9bc08f90c82172428a633d1b6e8077.821" target="_blank">has issued a warning</a> that the US take urgent action in raising the debt ceiling, adding that a credit downgrade could damage the global economy. <a title="Kevin Gallagher" href="http://www.bu.edu/ir/faculty/alphabetical/gallagher/" target="_blank">Kevin Gallagher</a>, an associate professor of international relations at Boston University, is an expert on global and economic policy. His article, <em><a title="&quot;Why the US must raise the debt ceiling,&quot;" href="http://www.guardian.co.uk/commentisfree/cifamerica/2011/may/05/economy-useconomy" target="_blank">&#8220;Why the US must raise its debt ceiling,&#8221;</a></em> was recently published in <em><a title="The Guardian" href="http://www.guardian.co.uk/profile/kevingallagher" target="_blank">The Guardian</a></em>. He is available to comment on the warning issued by the IMF.</p>
<p>Contact Kevin at 617-353-9348 or <a href="mailto:kpg@bu.edu" target="_blank">kpg@bu.edu</a></p>
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		<title>Cornelius Hurley on the debt ceiling crisis</title>
		<link>http://blogs.bu.edu/professorvoices/2011/07/15/cornelius-hurley-on-the-debt-ceiling-crisis/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/07/15/cornelius-hurley-on-the-debt-ceiling-crisis/#comments</comments>
		<pubDate>Fri, 15 Jul 2011 16:43:10 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Boston University School of Law]]></category>
		<category><![CDATA[Cornelius Hurley]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[default]]></category>
		<category><![CDATA[GOP]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Professor voices]]></category>
		<category><![CDATA[Republicans]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2143</guid>
		<description><![CDATA[With the August 2 default deadline looming, President Obama and the GOP are still miles apart on an agreement in their debt ceiling crisis debate. Cornelius Hurley, a professor at Boston University&#8217;s School of Law and director of the school&#8217;s Center for Finance, Law &#38; Policy, gave his view in a post earlier this week [...]]]></description>
			<content:encoded><![CDATA[<p>With the August 2 default deadline looming, President Obama and the GOP are still miles apart on an agreement in their debt ceiling crisis debate. <a title="Cornelius Hurley" href="http://www.bu.edu/law/faculty/profiles/bios/banking/hurley.html" target="_blank">Cornelius Hurley</a>, a professor at Boston University&#8217;s <a title="School of Law" href="http://www.bu.edu/law/" target="_blank">School of Law</a> and director of the school&#8217;s <a title="Center for Finance, Law &amp; Policy" href="http://www.bu.edu/cflp/" target="_blank">Center for Finance, Law &amp; Policy</a>, gave his view in a post earlier this week on <a title="PoliticoArena" href="http://www.politico.com/arena/perm/Cornelius_Hurley_537EC2D9-2CCA-4332-9E3D-695D659A59AD.html" target="_blank">PoliticoArena</a>. He expands on his comments in the following opinion piece.</p>
<p><em>&#8220;The debt ceiling is the tea party&#8217;s war of choice just as Iraq was Bush&#8217;s war of choice.</em></p>
<p><em>&#8220;Minority Leader Mitch McConnell has gotten a lot of mileage out of mischaracterizing the issue by saying the U.S. doesn&#8217;t have a </em><em>revenue crisis, it has a </em><em>spending crisis. However, as Martin Wolf pointed out in a recent <a title="Financial Times op-ed" href="http://www.ft.com/intl/cms/s/0/979c10d8-acb8-11e0-a2f3-00144feabdc0.html#axzz1SBiMWAwD" target="_blank">Financial Times op-ed</a>, revenue as a percent of U.S. GDP was 18.2 at the end of Ronald Reagan&#8217;s terms (sans wars) versus 14 percent today (avec wars). So, yes Virginia, it is a revenue problem and a spending problem.</em></p>
<p><em><span id="more-2143"></span></em></p>
<p><em>&#8220;Most economists will tell you that if the U.S. went cold turkey on spending right now, the impact on the economy would be simply awful. For example, in June the Fed at its FOMC meeting was discussing a new round of monetary stimulus. Radical fiscal measures would be the anti-stimulus. Simply stated, the debt ceiling is a long-term issue and the deficit is a short-term issue.</em></p>
<p><em>&#8220;So why threaten to blow up the economy now? Well, as they say, there&#8217;s no zeal like that of a new convert and the same folks who applauded multiple debt ceiling increases, two wars and an unfunded prescription drug benefit, have gotten religion. If the tea partiers are nothing else, they&#8217;re zealous.</em></p>
<p><em>&#8220;Again, quoting from Wolf, the tea party has an unstated motto: &#8220;Fiat justitia, et pereat mundus&#8221; &#8211; let right be done even if the world perishes. But they&#8217;re not even right on the issue. So why do the rest of us have to drink their &#8220;no taxes&#8221; Kool Aid? Hang tough, Mr. President!&#8221;</em></p>
<p>Contact Cornelius Hurley at 617-353-5427, <a href="mailto:ckhurley@bu.edu" target="_blank">ckhurley@bu.edu</a>, Twitter: <a title="ckhurley" href="http://twitter.com/#!/ckhurley" target="_blank">@ckhurley</a></p>
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		<title>Kevin Gallagher on the debt ceiling crisis</title>
		<link>http://blogs.bu.edu/professorvoices/2011/07/14/kevin-gallagher-on-the-debt-ceiling-crisis/</link>
		<comments>http://blogs.bu.edu/professorvoices/2011/07/14/kevin-gallagher-on-the-debt-ceiling-crisis/#comments</comments>
		<pubDate>Thu, 14 Jul 2011 15:17:59 +0000</pubDate>
		<dc:creator>Jo Breiner</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Boston University Department of International Relations]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[Kevin Gallagher]]></category>
		<category><![CDATA[Professor voices]]></category>
		<category><![CDATA[The Guardian]]></category>

		<guid isPermaLink="false">http://blogs.bu.edu/professorvoices/?p=2042</guid>
		<description><![CDATA[In an opinion piece for the British newspaper The Guardian published in May, Boston University international relations professor Kevin Gallagher wrote why it&#8217;s important that the U.S. raise the debt ceiling. &#8220;The US should raise the debt ceiling and increase government spending toward infrastructure and green technologies in order to expand the economy. Without growth, [...]]]></description>
			<content:encoded><![CDATA[<p>In an <a title="opinion piece" href="http://www.guardian.co.uk/commentisfree/cifamerica/2011/may/05/economy-useconomy" target="_blank">opinion piece</a> for the British newspaper <em><a title="The Guardian" href="http://www.guardian.co.uk/profile/kevingallagher" target="_blank">The Guardian</a></em> published in May, Boston University international relations professor <a title="Kevin Gallagher" href="http://www.bu.edu/ir/faculty/alphabetical/gallagher/" target="_blank">Kevin Gallagher</a> wrote why it&#8217;s important that the U.S. raise the debt ceiling.</p>
<p><em>&#8220;The US should raise the debt ceiling and increase government spending toward infrastructure and green technologies in order to expand the economy. Without growth, the US won&#8217;t ever be able to generate full employment and pay back its debts.</em></p>
<p><em>&#8220;Worse still, if the Republicans drag out the process, the results would be disastrous both in the US and across the globe. If the US started missing payments on interest or principal, interest rates would jump for new bonds. For evidence, just look at Greece, Portugal and other heavily indebted nations. A rise in rates would put a halt to the fragile recovery by choking off credit to businesses and households.&#8221;</em></p>
<p>Gallagher wrote on his <a title="Facebook" href="http://www.facebook.com/pages/Kevin-P-Gallagher/228266587193605?sk=app_56625786785" target="_blank">Facebook</a> page that he &#8220;wrote this piece before the debt ceiling debate got as silly as it is now, and I still support what I said.&#8221; He told <em>Professor Voices</em>, &#8220;As Congress continues to threaten debt default, they should examine the global implications.&#8221;</p>
<p>Contact Kevin at 617-353-9348, <a href="mailto:kpg@bu.edu" target="_blank">kpg@bu.edu</a></p>
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